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Wesco to Expand Data Communications Platform With TVC Acquisition

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Supply services company Wesco International (NYSE: WCC) said Wednesday it has agreed to buy TVC Communications, a distributor of broadband communications infrastructure products, for approximately $246.5 million, from Maryland-based private equity firm Palisades Associates.

Pennsylvania-based TVC, which had annual sales of around $300 million as of the end of October, sells its technical products to the cable, telecommunications and satellite industries. It operates from 20 locations across the world, serving markets in the US, Canada, Latin America and Europe.

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By admin posted about 1 year ago
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